Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
Mexican Peso/Czech Koruna (FOREX:MXNCZK)
Countertrend Down (-85) - MXNCZK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid MXNCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNCZK
The long-term trend has been DOWN since Feb 28th, 2020 at 1.1739850
The intermediate-term trend has been DOWN since Jun 11th, 2020 at 1.0594758
The short-term trend has been UP since Aug 7th, 2020 at 0.9919000
Smart Scan Analysis for MXNCZK
Based on our trend formula, MXNCZK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).